CONCORD, MA, (June 12, 2003) - MSL (NYSE: MSV), a global electronics manufacturing and supply-chain services company, announced today that Colubris Networks, Inc. has selected MSL to manufacture its family of 802.11 (Wi-Fi) wireless networking solutions.
Colubris Networks is a leading global provider of highly secure Wi-Fi equipment for use in enterprise networks, government agencies and public area "hot spots" such as airports, hotels and convention centers. The company has established partnerships with Alcatel and Juniper Networks, and Wi-Fi industry trailblazers such as Boingo, NetNearU and iPass, which have all chosen Colubris Networks' products to be part of their Wi-Fi solutions.
"It's imperative that our firm has a strong manufacturing and supply chain partner with global reach, because it will help us to take advantage of the growing demand for our innovative Wi-Fi products," said Barry Fougere, president and CEO of Colubris Networks. "MSL is exactly that kind of partner. As one of the largest electronics manufacturing services companies in the world, MSL has a strong management team that is easy to do business with, and offers the technical capabilities and global footprint we require."
Wi-Fi, or Wireless Fidelity, is one of the fastest growing sectors of the communications industry. Wi-Fi networks offer high-speed wireless Internet access, up to 100 times faster than a modem connection, and significantly faster than alternative 2.5G wireless mobile data services. Carriers are accelerating investments in Wi-Fi equipment to add hot spots to their networks, prompted by a new breed of wireless providers that are rapidly providing subscription Wi-Fi networks in locations such as hotels, airports, universities, manufacturing sites and retail sites. Worldwide unit shipments for wireless networking equipment are expected to grow at a 30% CAGR through 2007 while Wi-Fi public hot spot gateways will grow at a 65% annual rate, according to a recent market forecast by Gartner Group.
"Colubris Networks is a leader in bringing innovation to the wireless networking industry, and to the rapidly emerging hot spot market in particular," said MSL Chairman, CEO, and President Bob Bradshaw. "We are delighted that they have selected MSL, and look forward to leveraging our communications expertise and global capabilities to help Colubris Networks advance its offerings in this fast growing market."
About MSL:
Manufacturers' Services Limited (MSL) is a multi-national company that manufactures electronic hardware for companies that sell branded electronic equipment or utilize electronic components in their products. The company builds a variety of products, including medical devices, avionics, industrial controls and communications equipment. MSL also manages the worldwide acquisition of components and supplies for the products it manufactures and provides complementary design, logistics and repair services. MSL's customers come from a diverse set of industries including industrial equipment, commercial avionics, automotive electronics, retail infrastructure, medical products, voice and data communications, networked storage, office equipment, computers and computer peripherals.
The company's services allow electronics manufacturers to get products to market faster, reduce total cost, and achieve superior operational results. MSL distinguishes itself by providing strong capabilities in complex electronics manufacturing, build-to-order assembly, high-speed automated manufacturing, global order fulfillment as well as a superior customer experience characterized by significant mind share, personalized service, customized and flexible solutions, and rapid response. MSL is headquartered in Concord, Massachusetts. For more information, please visit the company's website at http://www.msl.com.
About Colubris Networks:
Colubris Networks is a global leader in providing highly secure, manageable and cost-effective Wireless LAN solutions for enterprise networks and carrier deployments. Its award-winning Wi-Fi certified product family of purpose-built enterprise and public access offerings seamlessly integrates into existing customer networks, providing maximum cost-effectiveness and management simplicity. Colubris Networks embeds strong tools such as Virtual Private Networking, enhanced security and firewall technologies into its open, industry-standard solutions. For more information visit the company Web site at http://www.colubris.com or contact us at info@colubris.com.
Contact:
Mac Blythe
(978) 371-5491
mac.blythe@msl.com
Source: MSL
All company names mentioned are trademarks of their respective owners.
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